I think we're on for another challenging year in the market with headwinds of high inflation, rising 10 year bond rates, Omricon and probable subsequent variants, a rising official cash rate and central banks around the world reducing stimulus and increasing interest rates.
Ongoing issues with general staff shortages, difficulties getting and retaining skilled nurses and caregivers and a flat or declining real estate market present are specific challenges to this sector with OCA most vulnerable with staff because of its high level care model. I think most or probably all of this is already in the share price at $1.30 but you cannot discount the possibility that this could ostensibly track sideways for quite a while while we wait for headwinds to abate.
Long term hold and years of patience will likely bring its rewards. In the meantime the dividend yield is probably about the same as you'd get on residential property but this is at about a 13% discount to my estimate of current NAV and work involved with this one is a LOT less than residential property.
That's my read on things. HOLD.